BTC Next Phase

All commentary on the previous link to how we got to this scenario and conclusion.

It looks like the price at 5600 for the BAT pattern is completed and not rejected. Hence plan B is the 3 Drive ABCD pattern as the fib. measurements also agree. I have now opted for this pattern and did not sell because of the bullish atmosphere still in play. I have 5800 as the target and I will sell slightly short of this.
Note how these two charts complement each other.

Cheers, :)

トレード稼働中:

Close up details

トレード稼働中:

The split screen setup didn't not give a clean overall image so here it is.

トレード稼働中:

Playing with some idea's going long

トレード稼働中:

spot on but the question is, will it pull back from here.
I think its creating a downward channel in the 1hrly. and I have no idea which way it will go in the next 4 to 8 hrs, but if you look at the previous high, it did go sideways for a while before it dropped (ie. at 2 wave drive).

トレード稼働中:

Watching the top in the 30 minutes, very interesting. It looks like if it bounces up from the bottom of the triangle, then its going to break up. Both a bull flags.

手動でトレードを終了しました:

As its breached my target, its now another play which is part of the elliot wave and what I think is part 5 of the wave. Learn by mistakes and get better, that's the motto. In this exercise I made $$ however I would have been better of holding it a bit longer.

トレード稼働中:

Target levels in red for continued uptrend

トレード稼働中:

5 min chart

コメント:

Other indicators...suggest downwards momentum is due.